Lightstream Resources Given Consensus Rating of “Hold” by Analysts (TSE:LTS)
Lightstream Resources (TSE:LTS) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the company, Analyst Ratings News reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$7.35.
A number of research firms have recently commented on LTS. Analysts at National Bank Financial cut their price target on shares of Lightstream Resources from C$8.00 to C$7.00 in a research note on Friday, August 8th. They now have a “sector perform” rating on the stock. Separately, analysts at FirstEnergy Capital cut their price target on shares of Lightstream Resources from C$7.50 to C$6.75 in a research note on Friday, August 8th. Finally, analysts at TD Securities cut their price target on shares of Lightstream Resources from C$11.00 to C$7.50 in a research note on Friday, August 8th. They now have a “buy” rating on the stock.
Lightstream Resources (TSE:LTS) traded down 2.22% during mid-day trading on Wednesday, hitting $6.16. 104,873 shares of the company’s stock traded hands. Lightstream Resources has a one year low of $5.06 and a one year high of $9.09. The stock has a 50-day moving average of $6.88 and a 200-day moving average of $6.86. The company’s market cap is $1.233 billion.
Lightstream Resources (TSE:LTS) last released its earnings data on Friday, August 8th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.19.
The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Stockholders of record on Sunday, August 31st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 27th.
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